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Markets Insider: Swelling US Debt Could Tip US Markets into Crisis As Soon As Next Year, Wharton Professor Says

April 5, 2024
Market Crash, Buy Gold, Buy Silver

Article by Filip De Mott in Markets Insider

Congress needs to act fast to slow the alarming pace of US debt growth. If it doesn't adjust its fiscal trajectory soon, 2025 could be the year when markets start to roil, Wharton professor Joao Gomes warned.

It's a lesson he's borrowing from the UK's 2022 financial crisis, when a stimulus-heavy budget proposal sent domestic yields flying, mortgage rates soaring, and the pound plummeting to a historic low. 

"That's something that could definitely happen to us next year," Gomes told CNBC on Thursday. "We announce a fiscal path that markets just wake up to it and say 'it's unsustainable.'"

US investors already got some taste of what this could look like, after a ......

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